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elianhaan
New Member

How do i amend my 2020 ta return to get an employee retention credit

 
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3 Replies

How do i amend my 2020 ta return to get an employee retention credit

Please provide more detail…. Have you had to return a retention bonus because you left the  job early?????

rjs
Level 15
Level 15

How do i amend my 2020 ta return to get an employee retention credit

@NCperson  The question is about the Employee Retention Credit, not a retention bonus. Presumably the OP is the employer.


"The credit is available to eligible employers that paid qualified wages to some or all employees after March 12, 2020, and before January 1, 2022."

"Eligible employers can claim the ERC on an original or adjusted employment tax return for a period within those dates."

 

rjs
Level 15
Level 15

How do i amend my 2020 ta return to get an employee retention credit

@elianhaan  You cannot claim the Employee Retention Credit on your Form 1040 income tax return. You have to file a Form 944-X or 941-X Adjusted Employer's Federal Tax Return. I don't know if you can do that with TurboTax. How did you file the original 944 or 941 return?

 

See Employee Retention Credit on the IRS web site for more information. On that IRS page, scroll down to "How to Claim."

 

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